For six decades, horse-racing fans have flocked to the mountain town of Ruidoso, New Mexico, to take in the most exciting – and lucrative – 20 seconds in horse racing. The 2019 edition of the All American Futurity is set for Labor Day, which is on Monday, September 2.

Here’s what you need to know about Quarter Horse racing’s most famous race:

The All American Futurity is the richest race in American Quarter Horse racing.

Not just that: It’s the richest race for any breed of 2-year-old racehorse in North America.

The race offers a purse of $3 million.

$1.5 million goes to the winner.

The race is over in 440 yards.

The All American Futurity is worth nearly $7,000 per yard.

For comparison, the Kentucky Derby also offered a $3 million purse this year.